Source: The Business Journals: Albany Business Review

Magic Software Enterprises: Colonie engineering firm founder sells company for $14.6 million

One of the region's largest engineering firms has been sold to a public company in a deal that was almost five years in the making. Founder and CEO John Stevens completed the sale of Infinigy Engineering to Magic Software Solutions for $14.6 million. Infinigy is an engineering firm that specializes in telecommunications projects, like site acquisition for wireless carriers and design plans for new towers. The company, which was founded in 2001, has 13 sites nationwide, and employs 12 engineers...

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Magic Software Enterprises is a provider of software platforms for enterprise mobility, cloud applications and business integration. Read more